Fees
When it comes to fees, we keep things straightforward and clear. That way, you’ll always know what you will be paying and what you’ll receive in return.
As with any important purchase, you will naturally want to be sure that you are going to be provided with value for money when you embark on your financial planning journey.
Our approach to fees centres around three key principles:
1. Clarity
You will always know what our fees are in advance of any work starting. You will therefore never incur any fees without having acknowledged that you understand those fees and are happy for us to proceed with the work.
We believe it’s very important you have a chance to get to know us, understand how we work and how we may be able to help you before you part with any money. For this reason, Prosser Knowles will cover the cost of our first meeting and discussions with you.
2. Fairness
To provide accurate details of what we charge, we first need to meet you and get a really good understanding of your needs. We will then determine the full scope of the work involved in helping you achieve your goals.
Working this way allows us to charge fairly, based on the complexity of each case. For this reason, we do not publish sets of standard fees. You’re an individual, therefore the work we do for you – and the fees we charge for that work – will be just as individual.
3. Value
Naturally we would not expect you to commit to our fees without seeing the value that our work can add. Our clients often tell us that there are two ways they see value through their partnership with us:
(i) FinancialWe never agree to undertake work unless we are confident the financial rewards of that work will far outweigh the cost for that client. Our focus is on building long-term, successful relationships with each client we work with, something we could not do if our clients felt they didn’t see real financial gain. We’re delighted that so many of our clients stay with us over many, many years, often bringing their children and grandchildren to us as the financial results of our work become clear.
There’s more than one way to measure value. Of course, you will want to feel assured that in financial terms you will see value for money but there are many other benefits too.
A report by Royal London* found those clients who were engaged in ongoing financial planning overwhelmingly reported an improvement in their emotional wellbeing. Clients reported an increased sense of security and reported feeling more confident about their money and better about themselves – something our clients regularly tell us they experience too.
Watch our clients talk about the impact of financial planning on their lives.
What our clients say
We’re featured on VouchedFor, the UK’s leading customer review site for financial advisers and planners. Our advisers’ Top Rated status on VouchedFor is evidence of the high regard they’re held in by clients just like you. Click or tap on the VouchedFor logo to read in full some of the kind comments we’ve been proud to receive.
*Source: Royal London, ‘Feeling the benefit of financial advice: How professional support helps to improve emotional wellbeing’
For more information on when and how fees are payable, please get in touch. We’d be very happy to arrange a meeting at our expense to answer your questions.
Contact us
The information on this website does not constitute advice or a recommendation for any product and you should not make any decisions on the basis of it.
Prosser Knowles Associates Ltd is Authorised & Regulated by The Financial Conduct Authority and is entered on the Financial Services Register under firm reference number 446589 http://www.fca.org.uk/register. Prosser Knowles Associates Ltd Registered Address: Beaumont House, 172 Southgate Street, Gloucester, GL1 2EZ. Registered in England & Wales, No. 04520041.
The information contained within this site is subject to the UK regulatory regime and is therefore targeted primarily at consumers based in the UK. The value of your investment can go down as well as up and you may not get back the full amount invested. The Financial Conduct Authority does not regulate Taxation and Trusts. Your home may be repossessed if you do not keep up repayments on your mortgage.
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